You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romania's June business sentiment mostly positive in all sectors

Romania's June business sentiment mostly positive in all sectors Business sentiment Romania

BUCHAREST (Romania), June 28 (SeeNews) - Most company managers in Romania expect stability in manufacturing and growth in retail, construction and services in the next three months, the National Statistical Office, INS, said on Friday.

The managers of companies operating in the manufacturing industry expect stable production volumes, with a positive 5% balance, during the next three months, INS said in a monthly business sentiment survey.

The balance is calculated as the difference between the percentage of respondents who expect positive developments and the percentage of those whose expectations are negative.

An increase is expected in beverages production, with a positive 37% balance. For tobacco products, a steep fall in production is forecast for the three-month period, with a negative balance of 35%. Regarding the number of employees, stability is expected, with a balance of 1%, while prices of industrial products are expected to grow moderately, with a positive balance of 8%.

Demand for services is expected to increase in the next three months, showing a balance of 13%. For the services sector, stability in the number of employees is forecast, the balance being 5%. According to the interviewed managers in the sector, prices will be stable, with the balance here being 4%.

Construction companies expect growth in the production volumes of their business in the next three months, with a balance of 31%. The managers in the construction sector anticipate moderate growth in the number of employees and an increase in the prices of construction works, with positive balances of 15% and 19%, respectively.

Managers of retail companies expect a rise in economic activity in the next three months, with a positive balance of 21%. The volume of orders placed by trade units to the suppliers of goods will be stable, with a positive balance of 5%. Employers forecast growth in the number of employees in the next three months, with a balance of 16%. The managers expect that retail prices will rise, with a balance of 17%.

A total of 8,847 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.

Compare